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the reform are entirely driven by the traditional substitution and income effects as in a unitary model. …
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The household National Account published by the national statistical office presents a picture of the income …, consumption and savings of households. It gives a measure of purchasing power within a consistent and integrated framework, which … "mean" household but without information on disparities between households. On the other hand, several types of household …
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The paper contributes to the literature on the convergence of financial systems in the euro area by estimating household credit demand in individual countries. Using the ARDL framework advocated notably by Pesaran et al. (1999), the paper provides evidence on the convergence of long run credit...
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